Recently, I had written a detailed blog post on the M&A and related investments happening in the Indian solar power sector.
Read an interesting article in the Hindu Business Line that reviewed the various M&A and investment activities happening in the Indian solar power sector in specific, and renewable energy in general.
Such an acceleration and consolidation are happening owing to some companies such as SunEdison facing steep financial challenges, and also owing to the fast maturing solar power sector where the smaller firms that had started off well are now are facing real challenges to scale.
Some of the examples from the article:
- Acquisition of Welspun Energy assets by Tata Power’s renewable energy arm
- Induction of CLP (China Light & Power) as a strategic partner (holding 49%) in Suzlon Energy’s solar projects
- Singapore-based Sembcorp hiking its stake in Green Infra
- SunEdison’s various projects across India seeking potential joint development partners
- Greenko raising $230 million fresh funding from Abu Dhabi Investment Authority
With players such as SoftBank and Sky Power with deep pockets zooming in on India, once can expect more such investments, M&A and consolidation in the Indian solar power sector.